Aris Water Solutions (NYSE:ARIS) Cut to Sell at StockNews.com

StockNews.com lowered shares of Aris Water Solutions (NYSE:ARIS) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other equities research analysts also recently issued reports on ARIS. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Citigroup reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $25.35 on Tuesday. The company’s fifty day simple moving average is $28.04 and its 200-day simple moving average is $25.72. Aris Water Solutions has a 52 week low of $13.34 and a 52 week high of $33.95. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.48 billion, a PE ratio of 31.68 and a beta of 1.81.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.14 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.21%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is presently 70.00%.

Insider Transactions at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the transaction, the insider now directly owns 58,228 shares of the company’s stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARIS. Quarry LP acquired a new position in Aris Water Solutions during the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions during the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions during the 4th quarter valued at about $52,000. Finally, CWM LLC boosted its stake in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock valued at $62,000 after purchasing an additional 1,444 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.